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The Future of Casino Gaming in Canada
One of those options suggested taking an existing building to make into a casino, "which would significantly reduce the capital required." "We thought, OK, if we're going to be looking at longer-term investments in the building, should we consider whether we should relocate? So that's when we undertook the assessment as to what other options might be there," said MacKinnon.
Future of casino in Halifax at issue amid declining revenues, possible move
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Nova Scotia Gaming considered options to relocate casino but all are on hold during pandemic
Officials with the Nova Scotia Gaming Corporation acknowledge the future of Casino Nova Scotia in Halifax will have to be discussed once the pandemic is over.
The casino has struggled with declining revenues for a decade and COVID-19 kept it closed for most of a year.
Documents released to CBC show one of the options on the table is a move away from the waterfront location where the casino has been located since 2000.
The documents also show revenues from the casino have been sinking to an "unsustainable" level for about 15 years.
"In our peak year, which would have been in the mid-2000s, we probably did about $75 million in revenue, and then over time it decreased by 30 per cent," said Bob MacKinnon, the CEO of Nova Scotia Gaming, the Crown corporation that oversees the gaming business in the province.
"So certainly that wouldn't have been sustainable."
He said having a viable casino is important. "It's a real gem in our city and it offers a safe, regulated environment. Lots of entertainment happens at the casino. It's a very social place."
However, MacKinnon said that the biggest challenge is to understand how people will want to socialize in the future. He said Nova Scotia Gaming would seek to understand this together with the casino's operator, the Great Canadian Gaming Corporation.
"Entertainment, music, food, as well as the gaming aspects are all integral parts of the casino. And so the biggest challenge is for us to understand . 'Are Nova Scotians wanting to get back into a social environment? And when?'"
Shrinking profits
When the casino opened in 2000 it employed 750 people but that number has shrunk to 300.
It reached peak revenues in 2006-2007, taking in $74.5 million in that year. Over the following years, that steadily dropped to $54.1 million in 2014-2015.
Any profits from the casino go to the province, said MacKinnon.
In the year preceding the pandemic, revenue from the casino was $65.6 million, and quarterly reports filed by the gaming corporation show all the Nova Scotia casinos saw a loss during the pandemic.
The casino shut down last March due to COVID-19. It reopened on Oct. 5, only to be shut down again by a Public Health order that took effect between Nov. 26-Jan. 8.
As of the end of February, casinos in Nova Scotia were permitted to be open.
"If we come in around $9 million in 2021, that's probably a reasonable estimate at this point in time," MacKinnon said.
Moving the location
In a 2016 briefing note to Nova Scotia Gaming's board of directors, staff attributed the drop in revenues to "changing player preferences," a ban on smoking and "rising competition from First Nations VLTs and the internet."
MacKinnon said the need for investment in the building, combined with decline in revenues, caused Nova Scotia Gaming to start considering its options in 2014. As well, the organization thought the proposed Cogswell Interchange redevelopment would have a negative effect on foot traffic to the casino.
"We thought, OK, if we're going to be looking at longer-term investments in the building, should we consider whether we should relocate? So that's when we undertook the assessment as to what other options might be there," said MacKinnon.
Staff came up with a proposal with five options for relocating the casino to other spots around the city.
In the documents released to CBC under freedom of information, the proposed locations are mostly blacked out, although two of them are in the Bayers Lake business park area.
One of those options suggested taking an existing building to make into a casino, "which would significantly reduce the capital required."
Staff considered, but ruled out, the old World Trade and Convention Centre and the former Halifax Library.
MacKinnon said some criteria for scoring potential new locations involved ease of access by car or other transportation, an available building and the cost of the space.
The plans are shelved for the duration of the pandemic. MacKinnon said it is possible that the best option is to stay at the existing location.
"It's really too early for us to say when we're going to open up the file again and give this another another look," he said.
"We just need to understand more about what the post-pandemic world is going to look like before we spend much effort and certainly before we spend any money on investment, whether it's an existing location or assessing others."
MacKinnon foresees Nova Scotia returning to its pre-pandemic ways at some point.
Documents originally withheld
CBC first began seeking information about the casino relocation project in April 2017, following a tip from the public. An application for information to Nova Scotia Gaming Corporation under freedom of information rules was denied.
The gaming organization declined to release any documents.
CBC appealed that decision to the Office of the Information and Privacy Commissioner of Nova Scotia, and in January 2021 an investigator was assigned. The delay was due to a backlog of cases.
The investigator from the privacy commissioner's office helped arrange an agreement between CBC and Nova Scotia Gaming to release the requested documents, which had significant redactions.
"At the time, we were doing an assessment and ultimately we would need to get government approval," MacKinnon said. "Anything that we would be putting forth for executive council approval would be subject to protections, exemptions."
MacKinnon said Nova Scotia Gaming tries to be open, transparent and accountable, and lists information on its website, which includes documents like financial statements and expenses for senior leadership.
"I will acknowledge that we took a broad approach on the exemption. And with the benefit of hindsight, we realized that we could have released some of the content," he said.
The Rapid Growth of Online Casino Gaming In Canada
Canadians enjoy greater freedom when it comes to the regulation of online casinos. The gambling culture in Canada is a lot more relaxed than it is in the United States. Canadian players tend to enjoy a wide range of online games, notably provincial lottery games. For the fiscal year 2017/2018, the Ontario Lottery & Gaming Authority generated a net profit of $2.49 billion, despite a decline in lottery ticket sales.
Online casinos are playing an increasingly important part in the gaming industry, with land-based casinos losing market share to high-profile iGaming operators. Canadians are spoilt for choice when it comes to online gaming activity. Players are buoyed by the advances in technology, notably the integrity of accounts and online gaming operations. The shift towards online gaming is part of a much broader trend. Statistics indicate that the value of the worldwide gambling industry may hit $180 billion within the next two years, driven in large part by the ever-expanding entertainment industry.
The Canadian online gaming industry generates an estimated $31 billion in gross revenue per year, with $14 billion per year in purchased services. This information provided courtesy of HLT Advisory was part of a much broader national study conducted in tandem with the Canadian Gaming Association (CGA). The popularization of online gaming has been fuelled in large part by the mass adoption of mobile gaming technology, particularly iOS and Android smartphones and tablets. High-speed, secure Internet services with 4G, and 5G development are fast-tracking the online gaming industry across Canada and North America.
Players across Maple country can easily tap into the wealth of online casino games – slots, card games, table games, and live dealer games – available at reputable online casinos operating in Canadian cyberspace. It is worth pointing out the Canadian government leaves it up to individual provinces to determine the legality of online gaming services. A similar trend is taking place in the United States, with the federal government allowing individual states to determine for themselves whether they wish to regulate online gambling.
Several Canadian provinces have adopted a no-go approach to online gambling, while others have embraced it. The liberalization of online gaming across Canada is slowly gaining momentum. Provincial legislators recognize the importance of deriving revenue streams from regulated online gaming activity, as opposed to black-market operations which cannot be taxed. A robust focus on crafting comprehensive legislation to facilitate online gaming frameworks is now the order of the day. Québec led the charge with respect to the iGaming sector.
This provided the momentum for other Canadian provinces to follow suit. While change typically requires time, other Canadian provinces like Alberta, Ontario, Manitoba, et al are increasingly more relaxed in their stance towards online gaming. There is less resistance to operators wanting to set up shop in Canada and run legal online gaming services. Nowadays, most everybody understands (regulators, business owners, and government bodies) that people have switched from land-based gambling to online gambling, in much the same way as they switch from traditional in-store retail shopping towards e-commerce operations.
The shift from a land-based casino to an online casino is a no-brainer for Canadian players. It is far more cost-effective, convenient, and comfortable to simply power up a PC, Mac, Android, or iOS device and play real-money casino games than it is to frequent a land-based casino. Therein lies the limitation of bricks and mortar establishments: they are expensive to set up and maintain, and they are limited in terms of how many people they can attract.
The US model in regulated states allows land-based casinos to set up online casinos, in partnership with software providers. The shift to online gaming is an inexorable development, and part of a much greater global trend. The technology is such that players can barely tell the difference between a live dealer casino and an in-person casino experience. Nowadays, the technological advancements, security protocols, and feature-rich platforms provided to players are unassailable.
Rapid and Unprecedented Growth across Canadian Provinces
We are seeing augmented gaming unfolding at a rate of knots, with real money gambling applications available to legal-age players across the country. The world is on the cusp of dramatic and unprecedented developments in the online gaming arena. The engaging aspects of these casino games are evident for all to see, thanks to powerful software providers like NetEnt, Playtech, Microgaming, Dragonfish, and ilk. According to statistics, there are some 100+ casinos operational across Canada.
These are managed by a conglomerate of Native American tribal operators, government agencies, and private owners. These encompass sports betting operations, casino, horseracing, bingo, and lottery. Presently, there are no casinos in Prince Edward Island, New Brunswick, or Labrador. Toronto and the province of Ontario is home to many fine casinos, notably The Stars Group. This province also makes up 43% of all gambling revenues generated in Canada, and it accounts for the lion’s share of growth in the country. Ontario features an online lottery, multiple casinos, and province-managed online sports books.
Other notable Canadian provinces include Québec and British Columbia. Québec ranks at #2, just behind Ontario, and enjoyed strong growth in online gaming and lottery sales in 2017 of 5%, although casino gaming overall grew by a paltry 2% in the same year. The rapid growth of online gaming is testament to a burgeoning player base which is demanding such services. British Columbia too is enjoying surging levels of popularity in the online gaming sector. Although it has a much smaller population relative to Québec, it features a more robust market. While Canada’s market is certainly a sliver of what the US market is, the countries cannot be compared in terms of market size. Canada’s population is a fraction of the US population, yet there are many important parallels, and lessons to be learned between these neighbors.
Gambling Laws in Canada
Betting games came to Canada many years ago. Playing cards were introduced around 1497 when John Cabot frequented the Canadian shores. Games like blackjack, and poker were inspired by centuries-old games like faro. While government certainly wanted to limit gambling activity, there was no desire to ban all gaming outright.
In the 1970s, the Canadian government decided to leave all gambling regulation up to individual provinces. This has given rise to a robust, and developed casino sector across Canada. The first casino in Canada was built in Winnipeg in 1989, followed by scores of others in Nova Scotia, Ontario, Saskatchewan, Québec, et al. VLTs (video lottery terminals) enjoyed surging levels of popularity in 1990s, and beyond. Horse race betting, and live casinos complemented the wide selection of games at Canadian casinos. Since the government is a lot more relaxed about online gambling in Canada (as of 2019 it is considered a victimless crime), it is not actively policed and players are not harassed.
Responsible gaming conduct is expected and promoted across Canada. Multiple polls already suggest that Canadians are receptive to online gambling, and have no problem playing the lottery, enjoying slots, or betting on card games every now and then. Canadian players are allowed to play at foreign-based online gaming sites, and they do so with increasing alacrity. Whether it’s slots, card games, video poker, live dealer games, keno, roulette, or sports betting – Canadians enjoy betting.
The security of online casinos in Canada is always a high-profile topic. Fortunately, each Canadian province has the authority to determine the level of security protocols necessary to provide a safe gaming framework. Canadians are encouraged, but not coerced, to play at only Canadian-regulated online casinos since these must comply with the safeguards put in place. Various third-party services like eCOGRA Safe & Fair, and others are extremely important when it comes to assessing the credibility, safety, and security of online casinos.
The tribal casino industry is particularly lucrative, with the Kahnawake Gaming Commission (KGC) being responsible for the licensing and regulation of many online casinos in Canada. Other government agencies are also involved, notably the CGA (Canadian Gaming Association) which are powerful organizations supporting players’ rights in the case of wrongful, negligent, or improper conduct by online casino operators.
Notable Developments in the Canadian iGaming Sector
The province of Ontario is moving to speed up the privatization of online gambling. With some 15 million residents living in the province, there is huge demand for online gaming services. Ontario’s authority is the OLG (Ontario Lottery & Gaming Corporation), and it is in the midst of establishing higher levels of competition for legal gambling activity. This will bring many privately-licensed operators to market in Ontario, which will likely be adopted in other Canadian provinces like Québec.
If things move according to plan, various apps will be launched for many online gaming operators in the province. The current state of Canadian legislation vis-a-vis gambling is such that anyone can visit an online casino and gamble, without prejudice. The digitization of the gaming industry taking place at a rapid pace, as evidenced by the growth of online gaming in countries across Europe such as Spain, Belgium, and Italy.
The rapid growth of online gaming is ably assisted by the innovation taking place at casino sites. Deposits and withdrawals are available quicker than ever before, and games load up instantly and play direct off the browser – no download needed. The most popular Canadian payment processing options include Visa, MasterCard, Interac, and cryptocurrency. Gaming platforms support many of these payment methods, thereby facilitating a more user-friendly experience. Provided online casinos do not unlawfully advertise in areas where online gambling is illegal, it’s all systems go. The CGA released the National Economic Benefits of the Canadian Gaming Industry Report in 2019. The study indicates that legalized gaming generated revenues of $16.1 billion (gaming revenue) and $1 billion in non-gaming revenue, for a combined total of $17.1 billion. The industry generates $9.2 billion annually, and provides employment to 182,500 full-time workers.
All trends indicate growth in the Canadian gaming industry, which includes online gaming activity. Ontario leads the way when it comes to economic benefits, with British Columbia in second, Québec in third place, and Alberta fourth in line. Viewed holistically, the Canadian online gaming industry is growing at a steady clip, although the absolute numbers are significantly less than its southern neighbor.
The Future of Canada’s Online Casino Industry
There has been tremendous growth in the online casino sector world over in the past one decade, and the Canadian market hasn’t remained untouched. The figures released by the Canadian Gaming Association revealed that the Canadian online gaming industry’s purchased services amounted to $ 14 billion, and the gross output was $ 31 billion for the year 2016. These numbers were projected to increase in the coming years.
Constantly increasing popularity of mobile gaming and online casinos has certainly given a major boost to the Canadian online casino industry. If we talk about the best online casino Canada has to offer today, there’s not just one, but quite a substantial number of them that are giving popular land casinos like Sand Hills, a run for their money.
Absence of centralised regulatory standards
Canadian Government has so far taken a decentralised approach as far as gambling regulation is concerned. This has enabled every Canadian province or territory to determine its own laws at the state level. The province of Québec continues to be the biggest and longest-established iGaming hub in Canada. It was the first one to grant online gambling casino licenses to operators. Many other states are taking a cue from Québec, and are increasingly relaxing their existing gambling laws, to benefit from the investment opportunities offered by the iGaming industry.
Rapidly catching on the action
The territories of Manitoba, Alberta and Ontario are working overtime to relax their online gambling laws, to facilitate easy operations of online casinos from their areas. They’re well aware of the lost revenue to unauthorized iGaming; a major chunk of business is going to the regions outside of Canada.
The Canadian online casino industry has been growing at such a pace that new brick-and-mortar casino projects are also being rejected amid concerns about their potential profitability, considering the fierce competition offered by the online market these days.
A grey area
There is plenty of uncertainty around the legalisation of Canadian online casinos, and this can prove to be a problem for the Canadian players. For instance, owing to non-centralised licensing and hazy laws, many innocent online players might find themselves inadvertently flouting the laws, having no protection in case anything goes wrong.
Regardless, the only way is up
It goes without saying that it’s only in the best interest of the Canadian government to clear a great deal of confusion that surrounds the online casino industry. As with anything associated with the Internet, it is only inevitable that the legislation would always lag a little behind the ground situation, as lawmakers normally struggle to keep pace with the emerging technologies.
However, as the Canadian iGaming market continues to be neglected by the government agencies, despite being immensely lucrative, a good number of Canadian online casino players as well as operators still find themselves in legal grey areas, something that’s not doing anyone any favours.
Whatever might happen, it cannot be denied that the Canadian online casino industry will only continue to grow in the future. The advancements in the virtual reality and mobile technology will be successfully incorporated in the online casino industry, and it’s highly likely that those virtual platforms would slowly and gradually replace the brick-and-mortar establishments.
The Future of Online Casino Gaming: What Can We Expect?
The online casino industry has been around for over 20 years now as it was in 1996 when the very first online casino called InterCasino was rolled out. Since then, online casinos have evolved and improved. It’s come a long way as this industry is now worth around 50 billion US dollars.
Now, online gambling is one of the fastest-rising sectors of the gambling industry. It’s very competitive as all online casinos can be easily accessed. However, it could be hard for them to keep on getting customers because there are just so many of them.
Because of the industry’s competitive nature, innovations and continuous improvements are keeping all of them in business. Online casinos and bookies like Betfair make use of different technologies to cater to the needs of their customers.
The role of technology when it comes to what online casinos are going to be like in the future is very crucial. Based on the recent trends, here are technological advancements that could play important roles in the future of online casinos.
- Augmented and Virtual Reality
It was in 2016 when Virtual Reality was mainly introduced to the gaming industry. VR and AR technologies have been around for a long time now, but when Oculus released its VR device in 2016, it was when the demands of VR gaming increased.
The casino industry is not left behind with this as there are now many VR casino games that you can play. It is seen that there will be more VR games that in the future as more people get access to VR devices.
Augmented reality is also something that’s becoming quite a trend in online casinos. There are now casino games that allow you to compete with other people in lifelike virtual casinos. You get to play with live dealers as if they are just right in front of you. Eventually, this may be something that online casinos will be into.
- Blockchain
Using blockchain tech allows transparency as all actions you take with this are all recorders. With this, players get to see the payout of the casino, the outcome of the game, and all those things that you should know as a player. Transparency is extremely important when gambling as it concerns money and so this tech is simply useful to the casinos and players themselves.
Now, aside from that, blockchain tech is connected to online gambling through the use of cryptocurrencies. Cryptos like Bitcoin, Litecoin, and Ethereum all make use of blockchain tech. These cryptos make transacting easier for many players. There are already casinos that only cater to crypto users and we can expect that more casinos will be accepting cryptos in the future because of how beneficial it could to both the operators and the players.
- Live Gaming
This is now the trend when it comes to casino gaming online. Live dealers are also becoming more in demand as it improves the overall gaming experience of the players. Casino games with live dealers just make the players feel like they are in an actual casino.
Live gaming can also be translated into streaming games online. On Twitch, you can easily find many people streaming the casino games that they play and it helps online casinos a lot. This is because more and more people are watching streamers play games like slot machines. This is a great way for online casinos to get more customers and players.
Casino gaming is typically a social activity. When you visit a land casino, you would normally come with friends and meet new people. Live dealer gaming can make online casino gaming social. You don’t only get to interact with the dealer, but you can also interact with the other players too.
- Esports
Esports are becoming more prominent these days and online casinos that also take sports wagers are now looking into this. There are already casinos that would offer betting odds on Esports like William Hill. Right now, the most popular Esports tournaments are Counter-Strike: GO, Call of Duty, League of Legends, and DOTA 2.
We can still say that as of the moment, Esports doesn’t have a big following in the betting industry just yet, but with the emergence of game streaming services like Twitch and YouTube, more and more people are getting excited about Esports tournaments.
It is expected that esports audiences will continue to grow in the next few years and because of that, the betting industry will eventually give the same attention that they give to sports leagues.
The Near Future of Casino Gambling
What’s been happening in the United States as it relates to casino gambling recently?
And what does that mean for the future?
I know one thing. Land-based casinos are growing greater in number across the United States, and this trend has been steady for almost 3 decades now. A lot of these new casinos are Native American casinos, but that’s not the exclusive area of growth.
One of the results of this is that the population has had more exposure to casino games than at any time in the past. With the rise of the internet, players also have access to more information about the math and strategy behind these gambling games, too.
I’ve seen reports that millennials don’t have much interest in casino gambling any more.
What does that mean for the near future of casinos?
The short answer is that they’re going to need to change what they offer and how they offer it if they want to continue to attract new customers.
And that’s what this post is all about.
Video Games and Skill Elements in New Slot Machines
Since this generation of gamblers grew up playing video games, it seems natural that casinos would try to capitalize on that when designing new gambling games for this audience.
As a result, a lot of modern slot machines seem to have a skill element to them. I’ve seen video slots where I got to play a game similar to Space Invaders after going to the bonus round. I don’t think my skill had much effect on the outcome or payout for the game, but it might have.
As I did some research, I learned that it wasn’t just a knockoff of Space Invaders I was remembering. There’s actually a 6-reel, 60-line slot machine game based on the video game available from Scientific Games now.
I’m predicting that this is the beginning of a trend.
Can Pac-Man slot machines be far behind?
(As it turns out, no—they released a Pac-Man slot machine game in 2017.)
Blackjack Seems to Be on Its Way Out
In 1985, 56% of the table game revenue at the casino came from the blackjack tables.
As of 2013, though, blackjack only accounted for 28% of overall casino revnue.
Multiple factors contributed to this, not the least of which is the rise of multiple other table games that players like. But casinos have been so paranoid about preventing card counters and advantage players that they’ve almost removed all the incentive to learn how to play blackjack.
In other words, the casinos have made the rules for blackjack so lousy that it’s not even worth the trouble to learn how to play. You can just play baccarat or casino war and not have to make any decisions about how to play your hands.
Here are some examples of the rules changes that are killing blackjack games:
You see, part of the appeal of blackjack was the idea that the game was potentially beatable by the skilled player. By making that idea ludicrous with these lousy new rules, the casino industry has halved the appeal of their onetime most popular casino game.
New Table Games Are on Their Way In
Nature abhors a vacuum, and so does the casino industry. Something has been taking the place of these blackjack tables over the last couple of decades.
And that something turns out to be a lot of new table games.
There’s probably no better time to be an inventor of gambling games.
Some of the more popular new table games that are taking up space where blackjack tables used to be include Caribbean Stud, Casino Holdem, Pai Gow Poker, and Three Card Poker.
It seems like every time I visit a casino (which is admittedly only once a year or so), they’re trying out some new casino game or two. Some of them are there again when I return, but many of them don’t catch on.
Most of these newer games have less of a skill factor than blackjack. The games that do reward skill often have complicated strategies to learn. I think most of them are inferior to blackjack, but that hasn’t slowed down the casino game manufacturers or the casinos they serve.
The tricky thing about these new casino games is that they need to be complicated enough to be compelling to the casino gambler, but they also need to be simple enough that a player can learn to play in a couple of minutes. That’s a tall order for a casino game designer.
You can expect casinos to continue trying out new proprietary games in the near future.
Other Changes in How People Gamble
Now that more people live closer to casinos than ever before, gambler behavior has started changing. Most people don’t stay at the casino as long as they used to. On the other hand, they visit the casino more often than they ever have in the past.
Everyone has a cell phone now, and no one likes to go without it. As cell phones continue to take up more importance in our life, you can expect more casino tolerance for their use in the gaming area. In fact, casinos are being encouraged to direct their players’ attention toward using their cell phones for gambling purposes at the casino.
Social gambling is becoming more important, too. This combines elements of games you’d play in a bar setting with wagering and the internet. For example, you might start seeing casinos offering more tournament-style skill games like billiards, darts, and shuffleboard.
In today’s casinos, the gaming areas are mostly separate from the other areas in the casino. One notable exception is the keno game, which is seemingly everywhere. As the future continues to come at us, you can expect to see the other areas of the casino offer gaming. The entire casino will become a casino, instead of just the casino section.
You can also expect to see customer service improve. There was a time when people would put up with good or mediocre customer service just so that they could gamble. Since millennials are less interested in gambling, the properties will need to find other ways to attract these customers. Offering stellar customer service is one way they’re going to accomplish that.
You can expect 2 big changes from slot machines, by the way:
Conclusion
Casinos aren’t going anywhere. The internet is going to put the land-based casino business out of its misery anytime soon, either
What you will see in the near future in the casino business is a rise in skill elements with slot machines, more new table games, and a focus on some of the other revenue streams they’re able to offer their customers.
I found the following article at The Motley Fool extremely helpful when I was researching this post. This post was also useful.
Trends Transforming The Gambling and Casino Industry in 2021
With the passing of time, the gambling and gaming industry has exhibited numerous transformations over the course of the past decades. Now, in the modern world, these changes remain and have evolved to include technological advancements. With the commencement of cryptocurrency in casinos last year, many forecasts that this year should be another interesting one that is set with new trends to redefine and transform complete areas of this huge industry. Hereunder are some of the top gambling and gaming trends for online and real casinos in 2021 and the top statistics which may impact the entire casino industry:
Crypto Set to Dominate Around the Gambling World
Cryptocurrencies will continue to dominate the gambling industry, with many online platforms accepting the crypto this year. Many people enjoy and prefer these transactions from deposits, withdrawals, and gameplay in Bitcoin and other digital currencies because of security and anonymity. Traditional payments will still remain an option for the biggest gambling sites, but now, cryptocurrencies are slowly replacing these old methods because many just prefer being anonymous and untraceable, especially with something as sensitive as gambling. On top of that, the added security of crypto makes consumers feel more at ease because identity theft and hacking are minimized. Thus, crypto has grown to become the prime and preferred choice for many gamers, and it will continue to be this way for the forthcoming years.
Access Even in Restricted Areas of Gaming
Because cryptos brought to the gambling world anonymity and it is virtually untraceable because people do not tie in their personal information with this digital currency, this has allowed many players from around the world to access and play online gambling games in localities that originally restricted and outlawed. Imagine that there has been a rise in online gambling sites in places that have banned physical casinos because of the protection accorded by cryptocurrency. To illustrate, a country like Taiwan with strict regulations is now seeing a rapid growth of online gambling sites which take cryptocurrencies as a mode of payment. Sites like Online Casino TW engage Taiwanese players to peruse and enjoy gaming through a variety of online casinos that accept Bitcoin. This growing demand will keep improving over the next couple of years as online casinos grow confident to promote and expand in these areas. Tapping this under-served market is now given primary concern because of the large volume of possible revenue that can be taken from these markets.
Changing Consumer Habits Quickly
With every person having their mobile device, both mobile and social gaming have a huge impact on the online gambling world. There has been an increase in people choosing to use their phones for gaming. As a result, there have been an increase in F2P (free-to-play) types of game products worldwide. While F2P games do not make direct profits and income and are seen as more for entertainment, revenue can still be made in other ways. Often players pay a small fee to upgrade their favorite game to access certain features. They also willingly pay a minimal amount when they buy different kinds of virtual offerings and game products for the improvement of their gaming experience. This shows that people are willing to spend on entertainment, and even something deemed as free, is not totally free at all. Both online and casino operators are hard at work to leverage this data to their advantage because these F2P players are potential clients, and they have strength in numbers, which one tapped will boost revenue in massive proportions.
Dealing with More Live Dealers
Players show preference over online casinos that show a realistic real live casino from their homes. They enjoy an engaging “real, live” dealer, which is the primary reason they started this gaming habit while never having to leave the house. Thus, more online casinos are using this information to gain leverage for the benefit of their online sites. On top of that, they beef up the same angle in the brick-and-mortar casino as well. For instance, the use of dynamic, lively dealers in games like Blackjack and Baccarat are popular with online casinos, and many real casinos concentrate their efforts on providing engaging dealers on the casino floor. Ever since the casino industry started, consumers have always been drawn to dealers who possess quick wit and charm. There is just something about this human interaction that makes it tempting for people to play more and stay longer. With advanced technology, dealers look real and just as engaging online.
VR Based Gaming on the Rise
Virtual Reality or VR is another nifty invention that paves the way for a more immersive casino experience. With more VR accessories readily available to the general public, the push for VR-based casinos to evolve is on the horizon and is only a matter of time before everyone has easy access to these virtual reality casinos from the comforts of their own home. Net Entertainment, one of the gambling world’s best and most popular software providers, had recently shown and proven that they are ready to upgrade when they showed a demo of their virtual reality version of their in-demand Jack and the Beanstalk slot machine game. Now, there is a strong outcry for the release of more VR versions of their other popular games.
Land Based Casinos on a Decline
Land-based casinos are feeling the burn from their online versions and are facing a rapid decline with the recent popularity of online gambling sites. There has been a decrease in rates over the past year, especially since people need to make an effort to make their way down to a real casino. These brick-and-mortar casinos are concentrated in one area, such as Las Vegas or the Jersey Shore. People have to spend a lot of money to get themselves to these brick-and-mortar casinos. The amount of money and time wasted before a client can play a game is already exorbitant before he or she even gets to the actual casino. Because of this, consumers are opting to save their transport and other incidental costs, and they channel these figures to online gaming, where they can use their money for bets instead. Online casinos have the edge because they offer more privacy and more convenience to their players. On top of that, online casinos also offer a better and more vibrant gaming experience. Some online casinos have numerous games to offer that players are hard-pressed to choose. These games even go through routine upgrades, so clients will always enjoy their experience. This is something that land-based casinos cannot be at par with because of their limited games.
Upgrade of Slot Machines
As casinos attempt to attract the younger generation, the industry will continue to incorporate slot machines that are equipped have a skill element. After all, younger guests are adept at these types of gaming features found in their many video games and gaming consoles they grew up playing. This proves that people really want to be engaged and entertained at all times. If they are presented with something that is redundant, they will undoubtedly get bored. And like a casino operator, this is something that you do not want to happen to your clients because the moment they begin to feel bored, that’s when they entertain thoughts of leaving to find other things to do. Upgrading those slot machines means continuous gaming that feels new and fresh.
Interactive Gaming Systems Modify Interaction
Many online casinos deliver the best online content to meet and address their numerous guests’ expectations. Thanks to technological improvement, users can access entertaining and engaging online games in a more luxurious lounge setting through touch-enabled kiosks, wall panels, and tables. Interactive gaming systems have the power to merge the popularity of online and social gaming to the real casino floor. The name of the game has always been interactive gaming, which is why even when the current casino goers were young, they already enjoyed interactive gaming experiences with their old Atari, Sega, or Nintendo interactive gaming systems.
Introduction of New Table Games
There are games like blackjack and poker that need a level of mastery to play correctly and to increase the odds of winning. Unfortunately, not everyone has this skill, so they are on the lookout for games that may be challenging but are easier to learn. As a result, casino operators continue to bring new table games to the floor to see which ones become popular. In addition, as guests become more familiar with online and social games, they are drawn to the same types of games on the casino floor, which is why there has been a rise in interactive gaming systems in brick and mortar casinos.
Smartwatches Bring New iGaming Experience.
Placing bets via a smartwatch is now a very real thing. In the past few years, people have been using their cellphones and tablets to connect to online casinos. Now, smartwatches are set to take over as a more convenient and accessible option. Others have predicted that the smartwatch industry will reach its global worth of almost $33 billion by 2021, and gambling is slated to be a part of this enormous trend. Wearable technology has always been popular, and it will continue to be so in the coming years with more gaming software developers crafting new games that can be easily integrated into all devices.
Whether online or real casinos, the operator’s goal would be to always give the clients what they want. Aside from providing a high level of customer service, fine dining, rewards programs, and incentives, the primary motivation is to give the best gaming entertainment. Now, the trend is to mix the best of interactive online gaming systems and technologies with the traditional charm of the older live-based casino.
Canadian Gambling Industry in 2020
Canadian gambling industry!
The Canadian gambling industry has long been regarded as one of the fastest-growing fields of entertainment. The market of gambling services and offers now peaks at C$30 billion per annum, eventually showing that this niche is one of the largest worldwide. Those wondering what made Canada such a perfect example of a growing market, a few reasons stand out the most.
While the Canadian legislative system is favorable for the growth of land-based and online gambling projects, people in Canada are also fond of gambling. Other notable reasons include adequate taxation, proper regulation from the Canadian Gaming Association, and favorable provincial gambling laws. Let’s take a closer look at the current state of the gambling industry in Canada in 2020 in our featured analysis, as follows.
COVID-19 or Switch to Online
Although it is hard to estimate what share of the enormous C$30 billion worth online casinos have, they seem to be leading in 2020. It was quite common for most Canadians to take a road to the nearest land-based gambling venue back in the days. Right now, most reputable platforms have already switched online, bringing their loyal customers to a digital domain. Such a switch is noticeable in most countries with favorable and liberal gambling laws, meaning that Canada is no exception.
With a novel outbreak of COVID-19, even more fans of old-school gambling have likely switched to digital platforms. It is worth mentioning that Canadian growth in the sector of gambling service was achieved due to a decentralized approach. It means that each province is considered responsible for shaping its policy related to online gambling. Such an approach means that the residents of a Nova Scotia province can easily access an online casino registered in Quebec, where online platforms can operate without any barriers.
Mobile Gambling
Another notable reason why the Canadian market of gambling services is so vast in Canada relates to mobile technologies. Alongside the growth of online gambling sites, mobile technologies were developing accordingly. Since Canada is a fairly developed country with a great extent of mobile appreciation, people aren’t scared of using mobile payments and their gadgets for Internet-related spendings. This regional specification has allowed mobile gambling endeavors to skyrocket all across Canada.
It is worth noting that gamblers in Canada are interested in finding the best platforms to enjoy their favorite casino games. However, it might be somewhat hard to find a legit and safe online casino in Toronto. In such regard, we do our best to publish updated reviews on the websites available. If you’re looking for the best casino in Toronto, don’t hesitate to get acquainted with the reviews. There, we will recommend all the best sites that can enrich your gaming experience considerably. The increasing popularity of such websites as ours, coupled with an overall interest in mobile gambling, is among the main trends that shape the state of the Canadian gambling industry in 2020.
Economic Implications
When it comes to the economic implications of gambling, this niche is regarded as one of the most ambitious parts of the entire Canadian entertainment industry. According to the research, the gambling industry alone provides approximately 135,000 full-time jobs. What is more, its revenue equals C$9 billion per annum, whereas these funds are used to fund a range of governmental-initiated funds and social programs. Except for these impressive statistics, one can also recall that Canada has adequate taxation policies regarding online and land-based casinos. The more players wager, the more tax incomes the Canadian government can generate in the long run.
Another factor to mention is a prospective future for the incomes generated by the online gambling sector. Right now, more and more ordinary players are looking for a well-rounded online casino in Ontario. The good news is that our website has dozens of review articles on choosing a proper online casino. In case you’re interested in online gambling Ontario, it might be wise to read the reviews and get to know more about digital platforms there. After all, such an interest in online gambling only projects a bright future for the entire niche of online casinos in Canada.
Quality of Services
When we discuss liberal and favorable laws regarding online casinos, you shouldn’t forget that even a criminal code is a convincing reason for platforms to offer the highest quality of gambling services. That means you can be certain that all online casinos operating in Canada would be licensed, monitored, and tracked by the respective regulatory authorities. What is more exciting is that the market for sports betting in Canada is also subjected to similar regulatory approaches.
Although liberal rules and regulations are definitely positive for the industry’s growth, they also create healthy competition among online casinos. In other words, all platforms are doing their best to stay competitive and appeal to users. Such a decentralized approach was definitely helpful in building one of the most impressive online gambling industries globally. It also ensures that all games presented in those online casinos would be certified by independent testing agencies to ensure that they’re not rigged. What attention to detail!
Future of the Industry
One of the greatest aspects of the Canadian gambling industry is that it is likely to grow even further. The ceiling hasn’t yet been reached, whereas the demand for land-based and online casinos is growing. Thanks to liberal regulation of gambling endeavors and an overall interest in gambling among Canadians, this market will undoubtedly show even more promising results in 2021 and further on. When dozens of companies are continually releasing their new products, alongside investing in land-based infrastructure gambling projects, the industry is unlikely to fail. We are waiting in anticipation for the next year to track how the situation with casinos and sports betting will change in Canada. As for now, enjoy what you have, Canadians!
The Future of Online Casino Gaming: What Can We Expect?
The online casino industry has been around for over 20 years now as it was in 1996 when the very first online casino called InterCasino was rolled out. Since then, online casinos have evolved and improved. It’s come a long way as this industry is now worth around 50 billion US dollars.
Now, online gambling is one of the fastest-rising sectors of the gambling industry. It’s very competitive as all online casinos can be easily accessed. However, it could be hard for them to keep on getting customers because there are just so many of them.
Because of the industry’s competitive nature, innovations and continuous improvements are keeping all of them in business. Online casinos and bookies like Betfair make use of different technologies to cater to the needs of their customers.
The role of technology when it comes to what online casinos are going to be like in the future is very crucial. Based on the recent trends, here are technological advancements that could play important roles in the future of online casinos.
- Augmented and Virtual Reality
It was in 2016 when Virtual Reality was mainly introduced to the gaming industry. VR and AR technologies have been around for a long time now, but when Oculus released its VR device in 2016, it was when the demands of VR gaming increased.
The casino industry is not left behind with this as there are now many VR casino games that you can play. It is seen that there will be more VR games that in the future as more people get access to VR devices.
Augmented reality is also something that’s becoming quite a trend in online casinos. There are now casino games that allow you to compete with other people in lifelike virtual casinos. You get to play with live dealers as if they are just right in front of you. Eventually, this may be something that online casinos will be into.
- Blockchain
Using blockchain tech allows transparency as all actions you take with this are all recorders. With this, players get to see the payout of the casino, the outcome of the game, and all those things that you should know as a player. Transparency is extremely important when gambling as it concerns money and so this tech is simply useful to the casinos and players themselves.
Now, aside from that, blockchain tech is connected to online gambling through the use of cryptocurrencies. Cryptos like Bitcoin, Litecoin, and Ethereum all make use of blockchain tech. These cryptos make transacting easier for many players. There are already casinos that only cater to crypto users and we can expect that more casinos will be accepting cryptos in the future because of how beneficial it could to both the operators and the players.
- Live Gaming
This is now the trend when it comes to casino gaming online. Live dealers are also becoming more in demand as it improves the overall gaming experience of the players. Casino games with live dealers just make the players feel like they are in an actual casino.
Live gaming can also be translated into streaming games online. On Twitch, you can easily find many people streaming the casino games that they play and it helps online casinos a lot. This is because more and more people are watching streamers play games like slot machines. This is a great way for online casinos to get more customers and players.
Casino gaming is typically a social activity. When you visit a land casino, you would normally come with friends and meet new people. Live dealer gaming can make online casino gaming social. You don’t only get to interact with the dealer, but you can also interact with the other players too.
- Esports
Esports are becoming more prominent these days and online casinos that also take sports wagers are now looking into this. There are already casinos that would offer betting odds on Esports like William Hill. Right now, the most popular Esports tournaments are Counter-Strike: GO, Call of Duty, League of Legends, and DOTA 2.
We can still say that as of the moment, Esports doesn’t have a big following in the betting industry just yet, but with the emergence of game streaming services like Twitch and YouTube, more and more people are getting excited about Esports tournaments.
It is expected that esports audiences will continue to grow in the next few years and because of that, the betting industry will eventually give the same attention that they give to sports leagues.
Canada’s Gambling Industry Generated CA$17.3 Billion in 2017
These are the findings in a new report by Fantini Gaming Research that was released Tuesday and showed a strong performance for Canada’s gambling industry. Researchers compiled data from all sectors including casinos and lotteries which remain the most popular form of gambling in the country. Ontario, Canada’s most populous province, generated nearly 43 per cent of the total revenue for 2017, or CA$7.445 billion. This is also the fastest growing market, reporting a steady increase of 12 per cent over the figures for 2016.
The province with the second-largest revenue in 2017 from gambling was Quebec which saw an increase of 2,12 per cent to $3.6 billion in earnings from casinos, lotteries, and online gaming. The figures for British Columbia are very close – the gambling industry in the province generated $3.14 billion. However, it grew at a slower pace, increasing only 1,36 per cent from 2016. This will probably change in 2018 with the recent opening of Parq Vancouver, a $640 million casino and hotel complex which is operated by Las Vegas-based Paragon Gaming. The large casino resort is home to two gaming floors offering 600 slot machines and around 75 table games.
Despite the growing revenues and the positive expectations for the Canadian gaming industry, it is still far behind the market in the United States, which is generally considered much more limited due to the restrictive legislation, but it is far bigger than the one in Canada in terms of size or revenues. Commercial casinos in the United States, allowed in less than half the country’s states, generate around US$40 billion annually. The American tribal gaming industry reports annual revenues of over $30 billion, while state lotteries generate winnings of around $80 billion. In comparison, the entire gambling industry in Canada generates CA$17.3 billion or US$13.5 billion a year.
Expected Growth in Ontario
It has also started a modernization process that includes renovation of casinos and other gaming venues as well as replacing old video lottery terminals. In 2016, it commenced a large modernization program for its lottery business, enhancing its potential through technology and innovation. The largest beneficiaries of this modernization process, researchers point out, are the joint venture between Gateway and Clairvest, and the biggest entertainment provider in the country, Grand Canadian Gaming Corp.
So, let's define, what was the most valuable conclusion of this review: Documents released to CBC show one of options on the table is a move away from the waterfront location where the casino has been located since 2000. The documents also show revenues from the casino have been sinking to an "unsustainable" level for roughly 15 years. at The Future of Casino Gaming in Canada
Contents of the article
- Future of casino in Halifax at issue...
- Social Sharing
- Nova Scotia Gaming considered options...
- Shrinking profits
- Moving the location
- Documents originally withheld
- The Rapid Growth of Online Casino...
- Rapid and Unprecedented Growth across...
- Gambling Laws in Canada
- Notable Developments in the Canadian...
- The Future of Canada’s Online Casino...
- Absence of centralised regulatory...
- Rapidly catching on the action
- A grey area
- Regardless, the only way is up
- The Future of Online Casino Gaming:...
- The Near Future of Casino Gambling
- Video Games and Skill Elements in New...
- Blackjack Seems to Be on Its Way Out
- New Table Games Are on Their Way In
- Other Changes in How People Gamble
- Conclusion
- Trends Transforming The Gambling and...
- Crypto Set to Dominate Around the...
- Access Even in Restricted Areas of...
- Changing Consumer Habits Quickly
- Dealing with More Live Dealers
- VR Based Gaming on the Rise
- Land Based Casinos on a Decline
- Upgrade of Slot Machines
- Interactive Gaming Systems Modify...
- Introduction of New Table Games
- Smartwatches Bring New iGaming...
- Canadian Gambling Industry in 2020
- COVID-19 or Switch to Online
- Mobile Gambling
- Economic Implications
- Quality of Services
- Future of the Industry
- The Future of Online Casino Gaming:...
- Canada’s Gambling Industry Generated...
- Expected Growth in Ontario
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